Cloud GIS Market: Global Industry Analysis and Forecast (2023-2029)

Cloud GIS Market was valued at US$ 778 Mn. in 2022 and Global Cloud GIS Market size is expected to grow at a CAGR of 14.5% through the forecast period.
Cloud GIS Market Overview:
A web-based information system called the cloud geospatial information service (GIS) produces data in the form of maps that aid businesses in the analysis and optimization of their operations. It offers media-rich location data at any time and any location. It takes less time to share, evaluate, and publish data using this strategy. The virtualized platform that the cloud GIS employs is advantageous for a scalable and elastic environment. One of the main benefits of the cloud GIS industry is real-time optimization of operations. The report gives the detailed information about the Cloud GIS market by type (SaaS, PaaS, Iaas).

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2022 is considered as a base year to forecast the market from 2023 to 2029. 2020’s market size is estimated on real numbers and outputs of the key players and major players across the globe. Past five years' trends are considered while forecasting the market through 2029. 2020 is a year of exception and analysis, especially with the impact of lockdown by region.
Cloud GIS Market Dynamics:
Market Drivers:

A particularly beneficial cutting-edge technology in several industries, including GIS, is cloud computing. Small and medium-sized businesses and software users benefit from its dynamic scalability and cheap or zero-level investment. Cloud computing is helpful for parallel processing of data and crucial for storing and sharing outputs and findings with end-users because GIS is one of the most advanced fields of research that involves a significant amount of data processing. Flexibility is one of the benefits of using a cloud-based GIS application since it allows users to access the service from anywhere in the globe using the internet and a GIS service account. With the help of this cloud hosting platform, it is feasible to offer analytical services to customers.

GIS applications are hosted in the cloud, making it feasible to offer GIS services in real-time to any end-user. Real-time accessibility is a distinctive quality. It is feasible to provide immediate, widespread, and unlimited access in accordance with user requirements when using cloud computing technology, which uses virtualized nodes. Dynamic setup is offered by cloud computing platforms. Virtual machines are set up and offered services in accordance with the needs of GIS end users. On-demand access is possible, and compute nodes are promptly made available upon request. GIS data is stored and used on a wide scale thanks to cloud computing techniques. It offers end end-users searchers, and analysts of GIS a platform for global collaboration. Public IP addresses allow access to cloud virtual machines from anywhere in the world.

Costs vary according to usage and demand in cloud computing platforms. Therefore, a substantial initial expenditure is not necessary. In the cloud, virtual machines are hosted. And the service provider keeps the hardware updated. And in the event of a hardware failure, this computer may be moved to another hosting platform. As opposed to the conventional grid and cluster strategy in GIS applications, this cloud platform has many advantages. Although only a conceptual framework, a GIS application on a cloud computing platform is essential for meeting the high demands of GIS applications and primarily enhances the usability, scalability, and accessibility of GIS data. As a result, all the benefits provided by the Cloud GIS are driving the growth.

Market Restraints:

This is also taken into account when it comes to access to GIS data if the user does not have a dependable and quick internet connection. The amount of GIS data keeps growing. On a local server, this data take up gigabytes of space. Data storage becomes less of a problem when that data is moved to the cloud because it is simpler to spread the data among computers and should also be more economical. However, given that this depends on the user's connection, it is true that downloading substantial amounts of data from the Cloud may cause delays. As a result, all these factors are hampering the Cloud GIS market.

Market Opportunities:

A significant opportunity for market growth is presented by the simplicity of cloud GIS migration. Cloud computing has significantly changed how the local government develops and utilizes technology in recent years. GIS has benefited the most as the cloud removes many of its conventional obstacles, making it more accessible, more economical, and simpler to use.

Market Challenges:

The positive return on investment, while one of the many benefits offered by cloud GIS, continues to be the major worry for various firms and is a substantial impediment to the overall expansion of demand for cloud GIS solutions. Although cloud GIS is still in its early stages, firms who switch from traditional tools to modern cloud GIS technologies must invest heavily in the beginning. Businesses need to hire qualified and professional technical staff to ensure seamless operation. Therefore, it is possible that the perception of not obtaining the anticipated return on investment will limit the overall expansion of the global market for cloud GIS solutions.
Cloud GIS Market Segment Analysis:
Based on Type, The PaaS segment is expected to grow at the highest CAGR during the forecast period. A PaaS product often gives users access to a variety of connected software or tools that are designed to assist enterprises in carrying out difficult, interrelated tasks; software development and testing are the most prominent examples. Users are able to access the PaaS platform's components for a recurring cost, and the platform's components are also hosted on the provider's own infrastructure. PaaS can get rid of a whole toolkit from the neighborhood data center, thus reducing the organization's IT burden.

Based on End-User, The telecommunication segment is expected to grow with the highest CAGR during the forecast period. Mobile asset management monitors the availability and efficiency of the company's inventory of assets along the supply chain. In a variety of circumstances, geospatial data is used to manage mobile assets. By offering local weather information in real-time, suggesting geofence extension, and enhancing fleet connectivity, GIS resolves the MAM problems. Superb customer service is to promptly offer new services to consumers, respond to inquiries, complaints, and other support requests as needed, and give the most recent data on network performance. Through GIS software, all of these relationship management activities are simply accessible. Additionally, with the emergence of new wireless technologies, such as fifth-generation cellular networks, the telecoms industry is increasingly being challenged by domestic competition, prompting telecom companies to revamp their networks.
Regional Insights:
The Asia Pacific region dominated the market with xx % share in 2022. The Asia Pacific region is expected to witness significant growth at a CAGR of xx% through the forecast period.

The market is expanding as a result of increased internet usage, geospatial analytics use, the emergence of new industrial sectors, and infrastructure improvements. The expansion of cellular networks and real-time communication for a variety of applications, including wireless broadband, mobile applications, GPS tracking, and others, is further boosting the market in this area. Additionally, it is frequently used by food delivery services and ride-sharing services like Ola, Lyft, Uber, Doordash, and many others to collect consumer feedback, manage backend assets, and process data to determine the density of cars and determine whether drivers are available for rides. These elements are accelerating the market's growth.

The objective of the report is to present a comprehensive analysis of the Global Cloud GIS Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants.

PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.

The reports also help in understanding the Cloud GIS Market dynamic, and structure by analyzing the market segments and projecting the Cloud GIS Market size. Clear representation of competitive analysis of key players by Vehicle type, price, financial position, product portfolio, growth strategies, and regional presence in the Cloud GIS Market make the report investor’s guide.
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Global Cloud GIS Market


Report Coverage
Details


Base Year:
2022
Forecast Period:
2023-2029


Historical Data:
2018 to 2022
Market Size in 2022:
US$ 778 Mn.


Forecast Period 2023 to 2029 CAGR:
14.5%
Market Size in 2029:
US$ 2,008 Mn.


 Segments Covered:
by Type
Cellular
Satellite


by End - User
Fleet Management
Vehicle Tracking
Satellite Navigation
Vehicle Safety Communication
Others


by Application
Government
Telecommunication
Utilities
Natural Resources



Cloud GIS Market by Region
Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
North America (United States, Canada and Mexico)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
South America (Brazil, Argentina Rest of South America)
Key Players
1. CARTODB
2. ESRI
3. HEXAGON
4. GIS CLOUD LTD
5. MAPBOX
6. OPENSTREETMAP
7. APPLE INC
8. GOOGLE MAPS
9. TRANBERG
10. company 10
11. Zondy Crber
12. Bing Maps
13. GeoStar
14. Agisoft
15. DroneDeploy
16. Estimote
17. Microsoft
18. Safegraph
19. TravelTime
20. Wingtra

Frequently Asked Questions:

1] What segments are covered in the Global Cloud GIS Market report?
Ans. The segments covered in the market report are based on Type and End-User.

2] Which region is expected to hold the highest share in the Global Cloud GIS Market?
Ans. The Asia Pacific region is expected to hold the highest share in the market.

3] What is the market size of the Global Cloud GIS Market by 2029?
Ans. The market size of the market by 2029 is expected to reach US$ 2,008 Mn.

4] What is the forecast period for the Global Cloud GIS Market?
Ans. The forecast period for the market is 2023-2029.

5] What was the market size of the Global Cloud GIS Market in 2022?
Ans. The market size of the market in 2022 was valued at US$ 778 Mn.